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| Arvind Kumar | Sathyabama Institute of Science and Technology M.E. - Computer Aided Design SMEA7005 Cost management of engineering Projects Syllabus Sathyabama Institute of Science and Technology M.E. - Computer Aided Design SMEA7005 Cost management of engineering Projects Syllabus SATHYABAMA INSTITUTE OF SCIENCE AND TECHNOLOGY SCHOOL OF MECHANICAL ENGINEERING SMEA7005 COST MANAGEMENT OF ENGINEERING PROJECTS L T P Credits Total Marks 3 0 0 3 100 UNIT 1 INTRODUCTION TO PROJECT MANAGEMENT 9 Hrs. Objectives of Project Management- Importance of Project Management- Types of Projects Project Management Life Cycle- Project Selection – Feasibility study: Types of feasibility Steps in feasibility study. UNIT 2 PROJECT PLANNING AND IMPLEMENTATION 9 Hrs. Project Scope- Estimation of Project cost – Cost of Capital – Project Representation and Preliminary Manipulations - Basic Scheduling Concepts - Resource Levelling – Resource Allocation. UNIT 3 PRICING 9 Hrs. Determinants of price – Pricing under different objectives – Pricing under different market structures – Price discrimination – Pricing of Joint products – Pricing methods in practice. UNIT 4 PRODUCTION AND COST ANALYSIS 9 Hrs. Production Analysis – Production function, Returns to a factor, Returns to scale, ISO quants and Least cost combination of inputs. Cost Analysis – Cost concepts, Determinants of cost, Short-run cost-output Relationship, Long-run cost output relationship, Economies and Diseconomies of scale and Estimating cost – Output Relationship. UNIT 5 ESTIMATION OF COST MANAGEMENT 9 Hrs. Introduction to Estimation and Costing – Elements of costs – Allocation of overheads – Estimation of Material cost – Estimation of Labour cost,-Estimation in Machine shop – Estimation in Sheet metal shop – Estimation in Forging shop – Estimation in welding shop – Estimation in Foundry shops. Max. 45 Hrs. COURSE OUTCOMES On completion of the course, student will be able to CO1 - Explain the concept of projects, its process, objectives and functions of project management. CO2 - Discuss the functions of project management. CO3 - To apply project management principles in business situations to optimize time and resource utilization. CO4 - To learn the principles of micro economics and cost estimation. CO5 - To apply these principles to appreciate the functioning of product and input market as well as the economy. CO6 - To learn about the basic structure of cost analysis. TEXT / REFERENCE BOOKS 1. Arun Kanda, “Project Management A Life Cycle Approach”, Prentice Hall of India, 2011 2. R.B.Khanna, “Project Management”, Prentice Hall of India, 2011 3. R.Panneerselvam and P.Senthilkumar, “Project Management”, Prentice Hall of India, 2009 4. T.R.Banga and S.C.Sharma, Mechanical Estimating and Costing, Khanna Publishers, 1988 5. V.L.Mote, Samuel Paul and G.S.Gupta, Managerial Economics – concepts and cases, TMH, 40th reprint 2007 END SEMESTER EXAMINATION QUESTION PAPER PATTERN Max. Marks: 100 Exam Duration: 3 Hrs. PART A: 5 Questions of 6 marks each – No choice 30 Marks PART B: 2 Questions from each unit of internal choice; each carrying 14 marks 70 Marks |
